International Logistics & Global Sourcing
AT THE END OF THIS SEMESTER,
YOU WILL BE ABLE TO
- To understand the significance of International logistics which is a primary facilitator for the growth in trade and business.
- The paper focusses on all the drivers of international supply chain of goods-namely economic, environment, Infrastructure, Risk-management and competition.
Curriculum includes
Unit 1
International Trade & Supply Chain
- International Trade, Basic concepts of International trade Growth
- International Trade Milestones, Largest Exporting and importing countries
- International Trade Drivers, International Trade Theories-The International business environment
- International Supply Chain Management, Historical Development
- Logistics and supply chain Management-Elements of International Logistics-The Economics Importance of Logistics-International Reverse Logistics
Unit 2
International Infrastructure and Methods of Entry
- International Infrastructure, Definition, Transportation Infrastructure, Communication Infrastructure
- Utilities Infrastructure, Service Infrastructure, Legal and Regulatory Infrastructure, International Methods of Entry
- Entry strategy factors-Indirect Exporting-Active Exporting-Production Abroad-Parallel Imports-Counterfeit
Unit 3
Terms of Payment
- Terms of Payment-International payment characteristics-Alternative Terms of payment-Risks in international Trade-Cash in Advance-Open Account-Letter of Credit-Additional types of letter of credit-Documentary collection
- Forfaiting-Purchasing cards-Trade Cards-Bank Guarantees-Terms of payment as a marketing tool
Unit 4
Managing Transaction Risks and Packaging for exports
- Managing Transaction Risks-Currency used in the sales contract-The system of currency Exchange rates-Theories of Exchange rate Determinations-Exchange Rate forecasting
- Managing Transaction Exposure-International Banking Institutions-Currency of payment as a Marketing Tool-Packaging for export
- Packaging Functions-Packaging objectives-Ocean Cargo-Air Transport-Road and Rail Transport-Security-Hazardous cargo-Refrigerated Goods-Domestic Retail Packaging Issues
Unit 5
International Logistic Security and Developing CompetitiveAdvantage
- International Logistics Security-The Impact of a significant Disruption in International Logistics-International Organizations-The US approach
- The EU programs-Other countries Approach-Corporate efforts-Developing a Competitive Advantage-Communication Challenges-International English-Special English-Metric system-Cultural
Unit 6
Purchasing Operations and Structure
- Purchasing process-procure to pay process-stock checks-approval of contract &purchase order preparation-types of purchases-capital equipment
- transportation and third party purchasing-online requisitioning systems from users to purchasing-electronic purchasing
- purchase policy and procedures-Purchasing/ Supply Management Organizational–structure-drivers for centralised/centrally led /decentralized
Unit 7
Strategic Sourcing
- Strategic sourcing: Supply management and commodity strategy development-Integrative strategy-conducting a spend analysis-category strategy development
- types of strategies-in-sourcing /outsourcing-supply base optimization-supply risk management-global sourcing-total cost of ownership-evolving sourcing strategies
- supplier evaluation and selection-identify potential supply sources-Exhibitions and Trade fairs-evaluation of supply performances-supplier management and development
- quality management-creating a world class supply base-world-wide sourcing